Retail

Yokohama revised projections result in more income

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Yokohama Rubber Co. Ltd. has revised its projections for consolidated earnings in the interim fiscal period from April 1 to Sept. 30, 2007.

Operating income increases by more than three times over previous-year levels to 12.5 billion yen.

"The company’s projection of a 13.3% increase in net sales to 252 billion is unchanged from the earlier projection," say Yokohama officials.

"Occasioning the upward revision in projected profitability were stronger-than-expected sales growth in markets outside Japan, improvements in the structure of earnings in Yokohama’s North American tire operations, and the weaker-than-expected yen.

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